Funding arb · Price arb /

XLM

all XLM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0332%/8h= +36.4% APRpaid last 24h +0.025%

Price spread now: dYdX against MEXC−0.061%47s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. dYdX is 0.061% cheaper against MEXC than usual: you would sell low and buy high (spread −0.061% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 15 hours of funding at the current rate (+$10 a day). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XLM_USDT	0.2099	0.0100	pay 0.0100% / 8h	5h 26m	$24.2M	$27.5M	300x
Short	dYdX XLM-USD	0.2098	0.0432	get 0.0054% / 1h	26m 46s	$26K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee MEXCbpFee dYdXbpOrdersPrice spread, now −0.061%Rate

Funding earned: $69.81
Price spread: −0.061% → 0.000%: −$6.1
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: $53.71
Costs to cover: 0.100%
Break-even: 1.6 days

Slippage unknown: MEXC: live order book, 5 min ago; dYdX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 5 min ago	0.24 bp	2.3 bp −$2	8.4 bp −$84	39.1 bp −$3,913	114.5 bp −$57.3K
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XLM on 31 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) XLM/USD	L 0.0000% / S +0.0002%	1h	0.2099	−0.027%	$4K	—	150x	as long as short
Injective XLM/USDC PERP	+0.0033%	1h	0.2125	+1.215%	$683	$241K	12x	as long as short
Lighter XLM	+0.0096%	1h	0.2101	+0.090%	$368K	$806K	5x	as long as short
Aster XLMUSDT	+0.0100%	8h	0.2100	+0.024%	$557K	$434K	75x	as long as short
Binance XLMUSDT	+0.0100%	8h	0.2099	0.000%	$54.3M	$143.3M	75x	as long as short
Bybit XLMUSDT	+0.0100%	8h	0.2099	−0.024%	$43.5M	$41.2M	75x	as long as short
OKX XLM-USDT-SWAP	+0.0100%	8h	0.2099	−0.043%	$12.2M	$42.1M	50x	as long as short
Gate XLM_USDT	+0.0100%	8h	0.2098	−0.067%	$3.9M	$6.7M	75x	as long as short
MEXC XLM_USDTlong	+0.0100%	8h	0.2099	long leg	$24.2M	$27.5M	300x
KuCoin XLMUSDTM	+0.0100%	8h	0.2099	−0.005%	$13.9M	$8.6M	75x	as long as short

Show all 31 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget XLMUSDT	+0.0100%	8h	0.2097	−0.095%	$25.6M	$21.3M	75x	as long as short
BingX XLM-USDT	+0.0100%	8h	0.2099	−0.038%	—	$6.8M	—	as long as short
Backpack XLM_USDC_PERP	+0.0100%	1h	0.2099	−0.024%	$119K	$297K	20x	as long as short
Variational Omni XLM	+0.0100%	8h	0.2100	+0.024%	$250K	$1.2M	—	as long as short
edgeX XLMUSDC	+0.0100%	4h	0.2100	+0.020%	$12K	$309K	10x	as long as short
GRVT XLM_USDT_Perp	+0.0100%	8h	0.2101	+0.063%	$587K	$521K	10x	as long as short
ApeX Omni XLMUSDT	+0.0100%	1h	0.2098	−0.067%	$168K	$252K	50x	as long as short
Orderly PERP_XLM_USDC_mythos	+0.0100%	4h	0.2099	−0.024%	$3K	$247	10x	as long as short
SunX XLM-USDT	+0.0100%	8h	0.2099	−0.010%	$1K	$1.3M	20x	as long as short
SoDEX XLM-USD	+0.0100%	1h	0.2099	−0.010%	$572	$6K	5x	as long as short
HTX XLM-USDT	+0.0100%	8h	0.2096	−0.152%	$189K	$238K	20x	as long as short
Phemex XLMUSDT	+0.0100%	8h	0.2100	+0.019%	$8.5M	$8.4M	50x	as long as short
Extended XLM-USD	+0.0104%	1h	0.2098	−0.066%	$187K	$607K	10x	as long as short
Phoenix XLM	+0.0150%	1h	0.2102	+0.095%	$4K	$46K	5x	as long as short
BloFin XLM-USDT	+0.0220%	8h	0.2100	+0.043%	$2.3M	$5.1M	75x	as long as short
Kraken Futures PF_XLMUSD	+0.0258%	1h	0.2099	−0.016%	$2.5M	$2.5M	50x	as long as short
Hyperliquid XLM	+0.0300%	1h	0.2101	+0.067%	$12.3M	$5.6M	5x	as long as short
Coinbase International XLM-PERP-INTX	+0.0328%	1h	0.2102	+0.119%	$209K	$1.3M	50x	as long as short
dYdX XLM-USDshort	+0.0432%	1h	0.2098	−0.061%	$26K	$5K	10x
GMX XLM/USD [WBTC.b-USDC]	L +0.0510% / S −0.0245%	1h	0.2098	−0.068%	$39K	—	100x	as long as short
Deribit XLM_USDC-PERPETUAL	+0.0655%	1h	0.2101	+0.062%	$521K	$103K	25x	as long as short